Common use of Responsibility, Cost and Diligence Clause in Contracts

Responsibility, Cost and Diligence. 4.1.1. Sarepta. Sarepta shall be solely responsible, at its expense, for all Commercialization activities relating to Licensed Products in the Field in the Sarepta Territory. Sarepta shall use Commercially Reasonable Efforts to Commercialize Licensed Products (a) in each Major European Country, (b) in each country of the CIS, Switzerland, Norway, Iceland and Turkey and (c) if Sarepta exercises the Territory Expansion Option, in [**] of the Major Option Countries, in each case ((a) – (c)), subject to obtaining Regulatory Approval in the applicable country. 4.1.2. Summit. Summit shall be solely responsible, at its expense, for all Commercialization activities relating to Licensed Products in the Field in the Summit Territory.

Appears in 2 contracts

Sources: License and Collaboration Agreement (Sarepta Therapeutics, Inc.), License and Collaboration Agreement (Summit Therapeutics PLC)